Gentherm Inc (THRM)

Shares of Gentherm Inc (THRM) dropped by 15.58% from $52.68 to $44.47 in the trading on Thursday, October 6, 2023. The reason why THRM stock down is due to the company's week third-quarter 2023 earnings report.

• Earnings: Gentherm reported quarterly earnings of $0.64 per share, falling short of the Zacks Consensus Estimate of $0.68 per share. This also marked a decrease from earnings of $0.70 per share in the same period the previous year. The earnings surprise was -5.88%.
• Revenue: In terms of revenue, Gentherm posted $366.2 million for the quarter ending in September 2023, missing the Zacks Consensus Estimate by 4.49%. However, this figure was an improvement from year-ago revenues of $332.96 million.